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. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit of perfection. >>> welcome back to "worldwide exchange." if you're traveling around london today, you better take the bus or hail a cab. for the third straight year, hundreds of london underground workers and drivers have gone on a 24-hour strike on boxing day. the first day of post-christmas retail sales. the union has a long-running dispute with tube management over bank holiday pay. >>> and here in the u.s., suppo
:20. and the outlook for u.s. credit market appears less rose city. we'll speak to a moody's analyst that says high duration credit could be badly exposed. the european central bank is announcing either monetary policy decisions later today. economists expect ecb to stay pat on rates. its revised down its forecasts in 2013. hot on the heels from her stint in brusselss, silvia has moved back to frankfurt and the ecb headquarters. how more pessimistic might they be today in their forecasts. >> that's the big question. if they get too clee to the zero for the forecast next year, anything below let's say 0.4, 0.3 would be considered a little bit more bearish and that would of course increase the chances or risks whatever you want to look at it for further rate cut somewhere down the pike early next year, maybe january or february. the consensus for today is as you said no change on rates. remember a month ago, there were many calling for rate cut this month, but that seems to have receded right now. maybe also because the data we see out of the eurozone is rather mixed. everybody quite agrees that foir
within the block and not the city of london. and white house and congress may need to call the auto club to jump-start budget talks which has stalled on discussions over taxes. plus singapore airlines confirms it is in talks to sell its 49% stake in virgin atlantic. reports suggest delta amongst the front runners. equities up in the month of november. ahead of the u.s. open, up by a quarter percent for the ftse. quarter for the ibex, as well. by and large the pmi numbers have been slightly better than expected. the revision on the eurozone pmi aunt wasn't on the headline composite number, but new orders were a little bit better. still a long way away from the 6% mark. gilt yields steady. manufacturing pmi better than expected. euro-dollar hit a six week high. dollar kren moyen moving away f 7 1/2 peak. talking about the uk, george osbourne says there's no turning back on austerity just days ahead of his annual statement. he continues to resist opposition calls warning that lack of budget discipline would have serious consequences for the british economy. >> going back on our commitment t
a government motorcade was driving through. this happens all the time in chinese cities and it's not just for the very top officials. this last one, newspapers in china often have the faces of leaders on the front, no matter how mundane the story. the latest reforms want more real content. all of these reforms, they have a common objective. she wants the government to regain the public's trust. back to you. >> the new leadership also set some key economic priorities, which had a big impact throughout asia today. sixuan has the details. hi, sixuan. >> hi, thanks, ross. some call it a shanghai surprise. mainland markets staged a strong rebound. this called for economic stability by boosting domestic demand, keeping property curbs. the shanghai composite jumped nearly 3%. the ipo pipeline may be on hold. financials, commodities and infrastructure are among the top gainers today as investors take advantage of cheap valuations. the hang seng followed suit and declined to a 16-month high. insurance surged 5% after hsbc explored a stake group. the nikkei closed at a seven-month high. shares gain
. >>> and find out how city index has taken a group of individuals with no financial market experience and turned them into successful traders. we'll hear from the winner of this year's competition who is a trainee taxi driver. we'll hear from foreign central european bank chief jean-claude trichet. he spoke with stefan pedrazzi about whether he believes there are any reasons to be optimistic about greece. >>> and whether volatility triggered by uncertainty over the fiscal cliff should be hear to stay. the fiscal cliff seems to be here to stay, at least. house speaker john boehner has scrapped the deal on plan b. boehner conceded last night he didn't have enough support from republicans to pass the bill which would raise taxes on households making more than $1 is million a year. the house is now in recess until the end of the year. the white house says the president's main priority now is to ensure taxes goes go up for 98% of americans and 97% of small businesses. for more on the tax, we're joined. talk about the cliff. you wake up to the news this morning. what do you make of it? what do you do
. >> daniel, thanks very much for joining us. a couple story here. if you're looking for the city with the best quality of living in the world, then head to vienna. this according to consulting group mercer just published its quality of life survey. zurich number two. baghdad ranked last over concerns over security and political instability. and it is official, a new royal highness is on the way. after week of speculation, the duke and duchess have confirmed they are expecting their first child. the duchess thought to be under 12 weeks pregnant is being treated in a central london hospital for severe morning sickness. book makers have been inundated with bets. and more from twitter, as well. last night the pope announced he'll be using a micro blog to he spread his message. the pontiff says he'll defeat in eight languages. the english language version of it is @pontifex. there you go. will you be following the pope? what is the top news maker? e-mail or tweet us. we'll take a short break. still to come, we'll be back in brussels. finance ministers start debating proposals for a ba
city and doing a good job. >> and doing a quite capable job. lionel barber is the editor of the financial times. we thank you for your time this morning. >>> now let's take a quick look at the swiss franc. why? this is one place in particular in an exclusive interview with cnbc, the chairman says they could employ negative -- to swees the swiss franc low. >> the swiss franc remain aes strong currency and we expect it to weaken over time which is economically the right thing that should hab. >> the fed has said it will now have numerical targets for its monetary policy. are you considering similar targets for as to when you would change your stand on the minimum exchange rate? >> every country obviously has a little different monetary policy. it is crucial to maintain for the time being. that's the right decision for this area. >> the swiss frank is notably weak weakened. given that these measures have seemed to work, would you can happen consider similar measures? >> we do not exclude any measures that are necessary at one time. negative interest rates are something that
in capital cities be full this holiday season? richard sullivan is the president of the capital group. >> post lehmans was something and it was the deepest, longest downturn we've seen in the history of the industry. but we saw certainly in '10, '11 and '12 some pretty good growth and we saw return of business travel. what we did see was leisure travel, even in '09, which is that terrible year, demand for leisure room nights went up in our business. and i think it just shows that travel is part of everybody's life today, whether it's for business southbound, and we know all about that. but smor in the maslow's hierarchy of needs, travel has become a necessity. we saw significant growth in asia, particularly in china, double digit growth. even though supply was growing fast. what we saw actually in europe and in the u.s., which you don't see a very big market, we saw that supply growth was restrained because there wasn't bank finance and there still isn't, which meant revpar was growing throughout the last few years. rev par has been quite a strong market and total revenue ves grown, a
if for. ♪ >> executive chef andre dupont at the city of london branch has promised it teach even a kitchen novice like me how to make the perfect holiday meal. this is the second london location of the french company, but plenty more are in the pipeline. >> we plan it open four more in the next tweerks all o years, a london. >> why is the u.k. so ripe for expanding a cooking school business? blame the likes of tv chefs. >> the desire to learn about cooking, to watch cooking is everywhere. it's ubiquitous across the media. you watch any tv program at night, you've got cooking there. any magazine, newspaper, you've got cooking there. we've become very used to cooking. we're a nation of armchair chefs. >> how did my attempt at making holiday dinner go? okay, i'm going try to get a little of everything. so good. it's worth the effort to actually make something like this for my family. that would be great. >> absolutely. >> wow. turns out with a little classically trained french help, even i can make christmas dinner. from the kitchens of latalia de chefs, i'm kelly evans. if there's
.6% and it's up over 4% on the week. stocks related to citi growth continued to surge as the new urbanization plan is aiming to boost investment plan. agriculture stocks up today on support policies. hang seng dragged lower by utility stocks. picc staged a strong trading debut gaining almost 7%. biggest ipo in two years with analysts expecting the stop stock to be included in major benchmark indices very soon. nikkei pulled back from its seven month low, but sharp shares soared over 8% adding to yesterday's 10% rally. investment talks are still on. south korea technology shashs and ship builders lent support to the kospi, but automakers were in reverse gear. us a railian equities up nearly 1% today with miners and banks ending higher. sensex trading lower by 0.2% back to you. >>> getting reports in from reuters that the tsunami measuring about a meter high is hitting the meyagi prefecture. just getting the report in this report. i don't know whether you can confirm or support that, amy. >> we don't have any information about that. we do however know here in the united states we work with the
mentioned this happening in other cities, including new york. >> absolute lit. if all the rooftops in chicago were green, they would say around a million pounds of energy per year. in london, if we look at the scale of things, we're looking at 2 million. >> and we're showing the highlight in new york, this being one example of a rooftop park. one issue it seems is trying to figure out whether to impose this from the top down or let individual companies and businesses come around on their own. do you get the sense there's some momentum or transaction here or would you prefer to see this imposed on them, so to speak? >> oh, i think people have to want it and generally get involved. but sometimes it's about knowing what the benefits are and actually understanding it. i think in terms of cutting energy footprints, that's going to be good and, obviously, something that government is pushing quite hard. so like it or not, i think sooner or later, people will have to get engaged. >> and we just hope it doesn't throw santa off too much when he sees that. thank you very much. >> thank you.
for the northern suburbs. in the city itself, i'd say near 2 inch of snowfall. northern michigan, he could see fairly significant snow, some places up to a foot or so. but that snow, that system which means so much to millions of americans is going to drive its way eastward, bringing rain, strong storms ahead of it and what you can expect point by point. eastern third of the country, pretty quiet, at least along the coast. it's the ohio valley, mid mississippi valley where you can have snow and rain. let's wrap it up and send it back to you. >> perfect. reynolds wolf, if you're just joiningous "worldwide exchange," these are your headlines. the boj increases asset purchases for the on ferd time since august. it could be announced today. brinksmanship continues as president obama threatens to veto john boehner's plan b for the fiscal cliff. >>> and russia's richest man, alisher usmanov was one of a group of early facebook investors who achieved spectacular returns. geoff cutmore asked mr. usmanov just what prompted him to make that investment in the first place. >> what i saw in facebook from t
. they were the shopping mall in bangkok, thailand, and that city's suvar nabumi airport. we asked where are you headed this year? italy, bangkok? john says i would like to travel to rome and check out the art and buildings there. and someone else is interested in architecture. jeff tweets in to say st. petersburg would be a great trip. i always wanted to see the gold room. gene, though, is more interested in culinary delights. he says food and wine, travel to brazil, yucatan, mexico, chile and france. if you want to join in on the conversation, e-mail us, worldwide@cnbc.com. tweet us, @cnbcwex. >> the food always tests better if you're eating it in a local original place. >> it also doesn't have calories if you do it that way. >> no, it doesn't count. sitting in tuscany enjoying an italian dish, that might be on my list. speaking of italian, we had an auction that was very successful earlier and it was the last auction that we saw for the year. they've sold a large amount of bills across the board. the ten-year italian paper now yielding 4.5%. so we've seen more buying into the italian
Search Results 0 to 12 of about 13